When property is transferred, the gift tax is based on
A) replacement cost of the transferred property.
B) fair market value on the date of transfer.
C) the transferor's original cost of the transferred property.
D) the transferor's depreciated cost of the transferred property.
B) fair market value on the date of transfer.
The gift tax is based on the property's fair market value on the date of transfer.
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Alan, the chief executive officer of Pioneer Inc, was requested by Jack, a student at Woodhouse Elementary School, to share some information about Pioneer for his project report. While Alan could have forwarded one of the several emails he had written about the company to his clients, he used simple words and gave simple basic facts about Pioneer when responding to Jack. In this scenario, which
of the following audience characteristics did Alan consider?? A) ?Rapport B) ?Age C) ?Economic level D) ?Culture